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SBA 7a Loans

Sponsor
Small Business Administration
Deadlines
Applications accepted on an ongoing basis
Contact

SBA Answer Desk
800.827.5722
answerdesk@sba.gov

Purpose

SBA 7a Loans provide funds to small businesses and are a good option for small healthcare practitioners. Loan funds may be used:

  • To provide long-term working capital for operational expenses, accounts payable, and to purchase inventory
  • Short-term working capital needs, including seasonal financing, contract performance, construction financing, and exporting
  • Revolving funds based on the value of existing inventory and receivables, under special conditions
  • To purchase equipment, machinery, furniture, fixtures, supplies, and materials
  • To purchase real estate, including land and buildings
  • To construct a new building or renovate an existing building
  • To establish a new business or assist in the acquisition, operation, or expansion of an existing business
  • To refinance existing business debt, under certain conditions
Eligibility

To be eligible, the business must be operated for profit and fall within the size standards set by the SBA.

Privately owned medical facilities including hospitals, clinics, emergency outpatient facilities, and medical and dental laboratories are eligible; recovery and nursing homes are also eligible, provided they are licensed by the appropriate government agency and they provide more than room and board.

Geographic coverage
Nationwide
Amount of funding

Amounts vary

Application process

Detailed guidance is available on the program website.

Contact the SBA Answer Desk with specific questions about eligibility and the application process.

Tagged as
Capital funding · Clinics · Critical Access Hospitals · Federally Qualified Health Centers · Healthcare facilities · Hospitals · Rural Health Clinics · Sole Community Hospitals



For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.